Individual investors

The Volvo Group has in operation for 80 years and during that time, has gained priceless confidence globally. By staying true to the core values quality, safety and environmental care, the Volvo Group has endured difficult periods that competitors were unable to survive.

The Volvo Group is one of the world's leading manufacturers of transport related solutions. With approximately 100,000 employees globally and annual sales of SEK 304 billion the Group is Sweden's largest company. The Group has production facilities in 19 countries and products reaching more than 180 markets.

The Volvo Share
The Volvo Group has over 200,000 private investors. The Volvo share is registered at the Nasdaq OMX Nordic Exchange in Stockholm. Volvo A and Volvo B shares are traded in blocks consisting of 100 shares each. During the General Meeting one Volvo A share or ten Volvo B shares entitles the holder to one vote. To buy shares please contact your bank or broker.

ISIN codes:
VOLV A:SE0000115420
VOLV B: SE0000115446

Direct yield and dividend
The Volvo Group's dividend has been maintained or raised every year between 1992 and 2007. The dividend level is evalutated on a regular basis by the Board of Directors.
In order to maintain a good financial stability and to be able to continue to invest in the development of products for the future, the Board of Directors proposes that the Annual General Meeting approves that the ordinary dividend be lowered to SEK 2,00 per share for fiscal year 2008. That corresponds to a cut of 64% compared to the previous year when the dividend was SEK 5,50.

The dividend of SEK 2.00 per share corresponds to a yield of 4.7%, based on the share price at year-end.

ADR program in the US
In December 2007, as a result of high cost and low liquidity, Volvo de-listed from the NASDAQ Exchange. Thus, the ADR program was changed from a Level III stock that is listed on the NASDAQ, to a Level I stock that trades OTC (Over the Counter) with the new ticker symbol VOLVY.

For more information about the ADR program, please contact the Volvo Group's Investor Relations department in New York.

Annual Report 2009

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